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Syrah Resources ( (AU:SYR) ) has issued an announcement.
Syrah Resources has remobilized teams to its Balama Graphite Operation in Mozambique after site access was restored, aiming to resume production by the end of June 2025. The company is addressing minor maintenance needs and plans to prioritize power restoration and site security. With a significant run-of-mine inventory, Syrah expects to meet the increasing demand for its natural graphite products, driven by supply disruptions in the ex-China market. The company is working with local authorities to ensure operational support and is in discussions to address historical loan defaults with U.S. financial entities.
The most recent analyst rating on (AU:SYR) stock is a Hold with a A$0.40 price target. To see the full list of analyst forecasts on Syrah Resources stock, see the AU:SYR Stock Forecast page.
More about Syrah Resources
Syrah Resources Limited is an Australian Securities Exchange listed industrial minerals and technology company. It operates the Balama Graphite Operation in Mozambique and a downstream Active Anode Material Facility in the United States. The company aims to be a leading supplier of high-quality graphite and anode material products, focusing on battery and industrial markets.
Average Trading Volume: 4,118,703
Technical Sentiment Signal: Sell
Current Market Cap: A$375.2M
For an in-depth examination of SYR stock, go to TipRanks’ Stock Analysis page.